ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Consensus Rating of “Moderate Buy” from Analysts

ACI Worldwide, Inc. (NASDAQ:ACIW) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $60.00.

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACI Worldwide in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research note on Thursday, October 16th.

ACI Worldwide Stock Down 1.1%

Shares of NASDAQ:ACIW opened at $42.99 on Tuesday. The firm has a fifty day moving average price of $46.86 and a two-hundred day moving average price of $47.74. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 17.33 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide has a one year low of $40.45 and a one year high of $58.14.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The firm had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts anticipate that ACI Worldwide will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares of the company’s stock, valued at $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its position in ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after buying an additional 323 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of ACI Worldwide in the second quarter worth about $32,000. Bessemer Group Inc. lifted its stake in shares of ACI Worldwide by 51.9% in the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after acquiring an additional 298 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.